Search results for BMO
Crypto
Alpaca raises $135 million to expand tokenisation and AI financial infrastructure
Alpaca has raised $135 million to expand the tokenised asset market and AI-based financial services, and secured up to $300 million in debt financing. Cointelegraph reported on July 16 that the funding round was led by Peak XV, while Kraken parent Payward and BMO participated in the debt financing. Alpaca plans to use the funds to expand its agent-first brokerage and API-first prime brokerage infrastructure.
FinTech
FIS, Anthropic to use AI to cut AML investigations from hours to minutes
Financial technology company FIS is developing a financial crime AI agent with Anthropic to cut anti-money laundering investigation times from hours to minutes. The agent is designed to automatically gather evidence across banks\' core systems, match transactions against known patterns and prioritise high-risk cases for investigators. Bank of Montreal and Amalgamated Bank are early adopters, with broader rollout planned for the second half of 2026.
Crypto
JPMorgan says bitcoin over gold still has long-term investment value
JPMorgan assessed that bitcoin\'s long-term investment appeal has increased even though its price has fallen 56 percent against gold. The bank said gold\'s surge and rising volatility have strengthened bitcoin\'s risk-adjusted attractiveness and noted the gold-to-bitcoin volatility ratio fell to a record low of 1.5. It also said crypto liquidations were more limited than in the prior quarter, while spot bitcoin ETFs have seen $6.435 billion of outflows since November 2025.